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HomeSHARE MARKET₹244 Government Share; 111% Return, Excellent Quarterly Results; Note Target Price

₹244 Government Share; 111% Return, Excellent Quarterly Results; Note Target Price

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NMDC Ltd (NSE: NMDC) share price: A lot of stocks are gaining in the stock market. National Mineral Development Corporation (NDMC) also owns shares. 

This stock has been on the rise as of now. In the last six months, its company has yielded over 100 percent for those who own it. 

On the trading day, the stock was trading at its 52-week high price. The brokerage firm has released the price target of NDMC. 

Additionally, NDMC recently presented its outstanding quarterly results.

111 Percent Return

The price of the shares has increased by more than one quarter in the last six months itself. 

The price of share on NSE six months ago on August 18, 2023, was the amount of Rs 115.25. 

Now, the price of shares has risen to Rs 243.90 on February 16, 2024. In this scenario within six months, the share has returned an average of 111 percent to investors. 

Its 52-week high price on NSE is 252.40 as well as its low 52-week is 103.75.

Great Quarterly Results

NDMC also announced figures for its third quarter in the financial year 2023-2014. In this time the company’s net profit has risen by 62 percent while revenue has increased by a rate of 45 percent. 

The consolidated net income of NMDC during the quarter ended December was at 1469.73 crore. The company also saw the company’s income grow to Rs 5746.47 crore.

Outlook

The brokerage house declared that it believes iron ore prices will be restricted in the near-term as well as the growth of NMDC is likely to be driven by increased quantities. 

They declared that he is maintaining an investment-grade position on NDMC with a re-evaluation of PT. In addition, They has set a goal of Rs 290 for it.

About NMDC Ltd Company 

National Mineral Development Corporation (NMDC) Ltd is engaged in mining a wide range of minerals, including ferro ore, copper, sponge iron rock phosphate dolomite bentonite, limestone, gypsum diamonds, and tungsten.

It also mines in graphite and the beach Sands. It is a Navratna public sector business which is an element of the Ministry of Steel.

It is a producer of iron ore in three mines: the Bailadila deposit (Chhattisgarh State) and the Donimalai iron ore mines (Karnataka State).

It is the operator of and owns mechanized mines for iron located in Chhattisgarh and Karnataka and also the headquarters of the company at Hyderabad, Telangana.

It also runs one of the automated diamond mines located in India situated at Panna, Madhya Pradesh. 

Fundamental Analysis of NMDC Ltd

Market Cap₹ 71,609 Cr.
Current Price₹ 243.90
52-wk High₹ 252.40
52-wk Low₹ 103.75
Stock P/E11.11
Book Value₹ 83.6
Dividend2.70 %
ROCE30.2 %
ROE23.0 %
Face Value₹ 1.00
P/B Value2.92
OPM35.6 %
EPS₹ 22.0
Debt₹ 2,143 Cr.
Debt to Equity0.09

NMDC Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹255₹273
2025₹287₹323
2026₹343₹376
2027₹389₹400
2028₹412₹432
2029₹454₹476
2030₹500₹587
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NMDC Ltd Shareholding Pattern

Promoters Holding
Dec 202260.79%
Mar 202360.79%
June 202360.79%
Sept 202360.79%
Dec  202360.79%
FII Holding
Dec 20226.60%
Mar 20237.33%
June 20236.99%
Sept 20238.32%
Dec  20239.91%
DII Holding
Dec 202220.23%
Mar 202319.39%
June 202318.00%
Sept 202317.73%
Dec  202317.33%
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Govt. Holding
Dec 20220.00%
Mar 20230.00%
June 20230.00%
Sept 20230.00%
Dec  20230.00%
Public Holding
Dec 202212.34%
Mar 202312.47%
June 202312.20%
Sept 202314.16%
Dec  202311.96%

NMDC Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 12,153 Cr
2020₹ 11,699 Cr
2021₹ 15,370 Cr
2022₹ 25,965 Cr
2023₹ 20,670 Cr
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Last 5 Years’ Net Profit:

2019₹ 4,617 Cr
2020₹ 3,573 Cr
2021₹ 6,277 Cr
2022₹ 9,429 Cr
2023₹ 6,433 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20190.01
20200.02
20210.07
20220.1
20230.02

Last 10 Years’ Profit Growth:

10 Years:-3%
5 Years:5%
3 Years:9%
Current Year:11%

Last 10 years’ Return on Equity (ROE):

10 Years:19%
5 Years:23%
3 Years:28%
Last Year:23%

Sales Growth Over 10 Years:

10 Years:5%
5 Years:9%
3 Years:15%
Current Year:11%

Company’s Positive Signs:

  • The company is nearly debt-free.
  • The company has a great performance in terms of return on equity (ROE) history 3 years 27.9%.
  • The company has maintained an excellent dividend payout of 38.9 percent.

Company’s Negative Signs:

  • The company has had the lowest sales growth rate of 8.75 percent over the past five years.
  • The company’s promoter holding has decreased in the past 3 seasons: -8.86%.
  • The company’s working capital day has gone up from 58.6 days to 102 days.

Conclusion

This article is a complete guide about NMDC Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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